---
title: "News: CHINAGOLDINTL's first quarter profit increased 1.75 times, setting a new historical high"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286508489.md"
description: "China Gold International Resources Corp. announced its first-quarter results for the period ending March 2026, with revenue increasing by 66% year-on-year to USD 453 million, and net profit soaring 1.75 times year-on-year to USD 236 million, setting a new historical high. Despite a 22% decrease in total gold production, profits from mining operations increased by 1.49 times year-on-year to USD 293 million due to rising gold prices. Management stated that the improvement in profitability was attributed to high metal prices and stable operations. The stock price fell slightly on Friday, closing at HKD 164.2"
datetime: "2026-05-15T04:45:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286508489.md)
  - [en](https://longbridge.com/en/news/286508489.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286508489.md)
---

# News: CHINAGOLDINTL's first quarter profit increased 1.75 times, setting a new historical high

**CHINAGOLDINTL** (2099.HK) announced on Friday that for the first quarter ending March 2026, revenue surged 66% year-on-year to USD 453 million, setting a quarterly record; net profit skyrocketed 1.75 times year-on-year to USD 236 million, marking the first single quarter to exceed USD 200 million and also a historical high for the company.

During the period, total gold production decreased by 22% year-on-year to 34,820 ounces, but benefiting from a sharp rise in gold prices, the average realized price of gold at the Changshanhao mine increased from USD 2,886 per ounce to USD 4,832 per ounce; total copper production slightly increased to 37.5 million pounds, with the average realized price of copper at the Jiama mining area rising from USD 2.54 per pound to USD 4.54 per pound. Mining operating profit rose 1.49 times year-on-year to USD 293 million. The proportion of sales costs to revenue also decreased from 57% to 35%.

Management stated that the company achieved its best-ever single-quarter profit, mainly benefiting from high metal prices and stable operations, driving simultaneous growth in revenue and profit. The increase in by-product revenue from the Jiama mining area, along with a decrease in financing costs, also contributed to the improvement in profit.

CHINAGOLDINTL's stock opened higher but closed lower on Friday, reporting HKD 164.2 at noon, down 0.24%.

_Li Shida_

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